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Elsewhere and on his return, he said that:|
1. He had set the principle on how to move forward but whether the projects will be cancelled, deferred or resolved through other means had yet to be established;
2. He added that he would like to cancel them but if cannot, he would like to defer and look towards other ways of solving the financial problems;
3. He believed his biggest achievement from his five-day trip to China was to convince Beijing that Malaysia was not being hostile to China but needed to put those projects on ice due to genuine financial concerns;
4. The projects have largely fallen under the ambit of his Finance and Economic Affairs Ministries and they are expected to play important roles in negotiating the details, and
5. He added the expected compensation was "very big" and will have to be hammered out in future negotiations.
One hopes these were exactly what he had conveyed but fair enough, if the projects are stopped, contractual compensation must be paid for work already done and incidental costs incurred.
Furthermore, it's not just the four projects of ECRL, SSER, HSR and TSG but also other real-estate investments including office blocks, rail terminals and landed properties which have buoyed up the economy and that significant contribution by China must be as recognized as its being the biggest trading partner.
If his ministries can take fuller cognizance of the bigger picture in the balance of things and turn everything around on a proactive mode with China, China will be able to give his Vision2020 a push that can kick-start a new economic engine which Malaysia needs all the more if its peoples are to make real progress that is being hampered by cost-of-living income traps on the one hand, and the specter of a return on the other hand to the mono-racial administration of the past government that has devastated the country's treasury contributed by taxes paid by the peoples.
As for him, and given his age, his international legacy for the small country should be to quickly commit to an intra-Asian alignment that recognizes the preeminent role China will play by the timeline of destiny.
After all, there is still plenty of years to go in the Asian Century and that includes the emergence of the OBOR Eurasian investment and trade corridors that will add new arteries to humanity.